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Arkansas Hospice Acquires First Choice Senior Care
On January 26, Arkansas Hospice, the largest hospice care provider in Arkansas, announced that it had acquired First Choice Senior Care, a locally-owned and operated company offering home care services in the Little Rock, Arkansas area. Financial terms of the transaction were not disclosed. First Choice Senior Care (FCSC) is the premier non-medical, home care company in Little Rock, Arkansas. FCSC provides companion services, personal care and other programs to address the nonmedical needs of the aging and seriously ill. Arkansas Hospice is a nonprofit organization based in North Little Rock, Arkansas. Arkansas Hospice cares for nearly 600 patients daily from 10 locations and three... Read More »
Gen4 Makes Another 2022 Acquisition, Expanding Further into Michigan
Gen4 Dental Partners, a Thurston Group portfolio company acquired Smile One Services, a multi-specialty dental organization based in Grand Haven, Michigan. The financial terms of the transaction were not disclosed. Smile One Services is Michigan’s first multi-specialty dental organization out of Grand Haven, Michigan. Dr. Darren Riopelle has over 20 years of experience owning and operating multi-specialty practices. A portfolio company of Thurston Group, Gen4 Dental Partners is one of the fastest growing, and highly innovative dental services organizations, providing world-class support to leading providers of dental services. Thurston Group is a Chicago-based private equity firm... Read More »Despite Omicron, HCA Q4 Report Shows Strong Growth
This week, HCA Healthcare, the publicly traded health system, released its fourth quarter of 2021 earnings report. Although the “Omicron surge started to influence [its] business in early December,” HCA made it through the final three months of 2021 just fine. The health system’s revenues increased to $15.1 billion, from $14.29 billion in the fourth quarter of 2020. Net income attributable to HCA totaled $1.81 billion, or $5.75 per diluted share, compared to $1.43 billion, or $4.13 per diluted share, in the fourth quarter of 2020. Results for the fourth quarter of 2021 include gains on sales of facilities of $563 million, or $1.33 per diluted share. Adjusted EBITDA... Read More »
ETAO International Group Goes Public and Merges with Mountain Crest Acquisition Corp III
ETAO International Group, a multinational digital healthcare company founded in 2017, is merging with Mountain Crest Acquisition Corp III, a publicly traded special purpose acquisition corporation. ETAO International Group, a Cayman Islands company, aims to be the world’s leading digital healthcare group providing a range of online and offline healthcare services in China, including telemedicine, hospital care, primary care, pharmacy and health insurance covering all life stages of patients. The transaction values ETAO at a pro forma fully diluted enterprise value of approximately $2.5 billion with existing ETAO shareholders rolling over 100% of their equity into equity of the... Read More »
Francisco Partners to Acquire IBM’s Healthcare Data and Analytics Assets
IBM and Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The assets being acquired include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex and imaging software offerings. Francisco Partners is a private equity firm that specializes in investments in technology and technology-enabled service businesses. Since its launch in 1999,... Read More »
Empower Physical Therapy Expands in California With Six Locations
Empower Physical Therapy acquired ProActive Physical Therapy & Sports Medicine, a California-based rehabilitation organization, for an undisclosed price. Empower Physical Therapy, a portfolio company of Sheridan Capital Partners, provides physical therapy practice management services and operates outpatient physical therapy clinics throughout the southeastern United States. It is headquartered in Phoenix, Arizona and has offices in California, Texas and Louisiana, with 38 locations overall. ProActive Physical Therapy & Sports Medicine provides award-winning outpatient physical therapy services using a hands-on, individualized approach. ProActive currently operates locations in... Read More »
Encompass Health Announces Spin-Off Plans Under New Brand Enhabit Home Health & Hospice
On January 19, Encompass Health Corporation, a national leader in integrated healthcare offering facility-based and home-based patient care, announced its intention to spin off its home health and hospice business to form an independent, publicly traded company and to rebrand as Enhabit Home Health & Hospice. The establishment of Enhabit Home Health & Hospice will further strengthen Enhabit’s focus on high-quality, cost-effective care delivered in the home setting. The Encompass Health Board of Directors believes the spinoff will provide significant benefits to both businesses and their stakeholders, including improving the strategic and operational flexibility of each... Read More »
Gen4 Dental Partners Expands into New Territory
Gen4 Dental Partners, a newly formed Dental Service Organization, acquired Harris Dental, a nationally recognized leader in cosmetic dentistry. The terms of the deal were not disclosed. Harris Dental has been in practice for more than 40 years and is a nationally recognized leader in cosmetic dentistry located in Phoenix, Arizona. It employs five dentists who provide excellent service. The practice is known throughout the Phoenix area for its exceptional sedation dentistry and implants. A portfolio company of the private equity group The Thurston Group, Gen4 Dental Partners is one of the fastest growing, and highly innovative dental services organization, providing world-class... Read More »
Eye Health America Expands Into Georgia
Eye Health America, an eye care practice management company headquartered in Greenville, South Carolina, acquired Southeast Retina Center, an ophthalmology practice. Southeast Retina Center (SERC) is one of the go-to retina providers in Augusta Georgia, Aiken, South Carolina and throughout southeastern Georgia with a strong culture of outstanding patient care, cutting-edge innovation and clinical/surgical research. It is run by Dr. Dennis Marcus, who is an internationally recognized leader in retinal research. Eye Health America, a portfolio company of LLR Partners, is an eye care practice management company. Its member practices offer routine eye exams, contact lenses and glasses, medical... Read More »Schedule a demo
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